How Many Millionaires Live in Chelmsford?

Not only is Massachusetts getting a lot of snow, but there appear to be a blizzard of millionaires in the state.

The Boston Business Journal has released its 2015 Millionaire Report, stating that “in the three years following the Great Recession, the number of Bay State residents reporting at least $1 million in annual income skyrocketed, the amount of their collective earnings bumping up against the $50 billion threshold in 2012 alone. That figure was up by roughly a third from two years prior.”

The BBJ used numbers from the Department of Revenue to compile its annual list. Note that 2012 is the latest tax return list that is available.

Wellesley topped the list, with 75.3 millionaires per square mile.

How many millionaires live in Chelmsford? Chelmsford had 38 millionaires in 2012. That’s up 7 from 2011. Chelmsford has 1.7 millionaires per square mile and the average income per filer in 2012 was $4,748,000.

Click here for details on the findings, including each city or town’s total millionaire income, changes from 2010 and 2011, as well as the average income per filer.